Start of a New Era for Tubing Manufacturer
RathGibson (Lincolnshire, IL), a leading manufacturer of welded, welded and drawn, and seamless stainless steel, nickel, and titanium tubing, is pleased to announce its emergence from bankruptcy and the transition of ownership to an investment group led by Wayzata Investment Partners. Its name has changed from RathGibson, Inc. to RathGibson LLC.
?Wayzata and its partners are making a significant investment in our business because of their high level of confidence in our people, products and future,? said Michael Schwartz, President and CEO. ?Joining forces with Wayzata allows us to focus on opportunities to provide tubing solutions throughout the world.?
Throughout the financial restructuring, RathGibson received significant support from its employees, customers, channel partners, and suppliers. This assistance led to RathGibson?s various achievements during this period, including the completion of a U-Bend Manufacturing Center to provide an expanded product suite to the power generation segment, achieving ISO certification at both the Clarksville, Arkansas and North Branch, New Jersey facilities, and the launch of an entirely new product line to serve the fast growing renewable energy sector. All of these enhancements allow RathGibson to expand its abilities to continue to meet ever-changing customer needs and market opportunities.
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